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CN-High Remittances High on the Radar of World Economists

Many migrants send small amounts of money -- called "remittances" -- home to friends and family members. But with 200 million international migrants out there, those small sums add up quickly. In 2013, migrants around the world sent back 400 billion dollars, far outweighing official aid to many countries and sometimes providing the largest source of foreign exchange. This has economists wondering -- can remittances boost not just a receiving family’s budget … but that country’s...

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